KIT Capital Takes Strategic Stake in Viewdle

IPTV-focused investment grouping to speed up marketplace acceptance for facial
acknowledgment picture hunt company
Business Development Partnership with ROO Group Part of Deal NEW YORK, March 24 /PRNewswire/ -- Viewdle, Inc. ),
the facial recognition-oriented picture hunt company, today announced that
it have partnered with kit Capital, a Dubai-based digital mass media investment
group which recently took a strategical investing place in corporate IPTV
enablement company ROO Group (OTCBB: RGRP). kit Capital have made an
investment in Viewdle and as portion of this investment, ROO chief executive officer and KIT
Capital managing director, Kaleil Isaza Tuzman, have joined Viewdle's board
of directors. Viewdle is a multi-modal picture hunt platform that combines technology
from video, audio and textual matter to present a semantically-accurate picture search
experience. The alone Viewdle Engine looks inside every framework to identify
and present factual, contextually-relevant results at a degree of
granularity not possible with existing picture hunt tools, most notably
through pioneering facial-recognition technology. Since Viewdle's launch as
a TechCrunch40 presenter in September 2007, the company have expanded beyond
white-label offers to consumer-facing Name Appliance and Election Coverage
Tracker. Viewdle will soon let go of a business-to-business service offering,
additional widgets, and ultimately, personal mass media and consumer video
search finish site. kit Capital conveys to Viewdle deep operational and concern development
expertise in IPTV engineering and broadcast media. Through portfolio company
ROO Group, kit Capital will be instrumental in guiding Viewdle's B2B
strategy and Viewdle.tv consumer monetisation plan, and in helping to
identify and recruit Viewdle's concern development team. Viewdle and ROO will also be entering into a strategical agreement,
pursuant to which ROO will have a full-use, sole achromatic label
license for the Viewdle facial acknowledgment picture hunt technology. ROO
will add the Viewdle Engine to ROO's IPTV enablement suite. ROO and Viewdle
business development squads will cross-sell each other's services, and
eventually ROO's content web of over 1,000 ROO-powered websites will be
searchable through the Viewdle Engine. kit Capital managing spouse and ROO chief executive officer Isaza Tuzman commented, "As
consumers and concerns go more than reliant on on IP-based picture content,
user-friendly-and above all, accurate-video search engineering goes an
increasingly critical constituent for both the content supplier and the end
user." Isaza Tuzman continued, "Viewdle's alone facial acknowledgment technology
is the most dependable and user-friendly video hunt merchandise I have got ever
seen. kit Capital's investing in Viewdle is in line with our strategic
goal of creating a best-in-class ecosystem of IPTV enablement for corporate
clients in international marketplaces -- where we see higher growing rates for
online video. We believe that ROO's partnership with Viewdle will be a key
competitive discriminator for both companies." Laurent Gil, president of Viewdle, said, "While kit Capital's financial
backing of our company is appreciated, Kaleil's path record of
accelerating the growing of new mass media companies, along with the support of
the kit Capital team, is what really conveys Viewdle to the adjacent level. We
want to go the go-to resource for content proprietors and end users to index
and hunt picture content online. ROO's mass media participant and streaming
capabilities, coupled with kit Capital's television broadcaster and producer
relationships around the world, will assist us acquire there." Viewdle was recently named the 2008 Start-Up of the Year in Europe by
the Plugg Conference, and was a "Best Technology Innovation/Achievement"
Crunchies 2007 Award finalist. Viewdle engineering is currently used by
Reuters. About Viewdle, Inc. Viewdle, Inc. was founded to revolutionise picture hunt by solving the
inefficiencies built-in in relying on text-based metadata and other
existing tools for indexing video. Viewdle Inc.'s core engineering is the
Viewdle Engine, a facial-recognition powered digital mass media platform for
indexing, searching and monetizing picture assets. The Viewdle engine fuses
pioneering ocular analysis engineering along with other prima sound and
text-based search techniques to travel "inside the clip" and identify
contextually-relevant appearances based on true picture assets. Viewdle
technology benefits clients in numerous industry segments, including:
content manufacturers and distributors; picture advertisement and monitoring
companies; societal networks; hunt engines; cablegram service providers; and
video archival and stock houses. Viewdle is headquartered in New House Of York City,
with merchandise development and client services squads in Kiev, Ukraine. For
more information visit About kit Capital kit Capital, founded in 2001, is an entrepreneur-led merchandiser depository financial institution with
offices in Dubai and New House Of York City. kit Capital put and provides
business acceleration services in the digital media, retail and emerging
markets existent estate segments. kit Capital principals are enterprisers and
operating executives, and take a hands-on approach with portfolio
companies. kit Capital portfolio companies have got included KPE, WRI, JumpTV
and ROO Group, amongst others. For more than information visit
. Contact:
Jaime Levine
646-435-8886